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Infosys Finacle Senior Vice President & Global Head of Sales Venkatramana Gosavi, said: ''Today, the UCB landscape is being reshaped by several forces in the new normal rapidly changing customer behaviour, new agile competitors, and evolving regulations''.PTI RSSS PTI PTI
Finacle latest news software#
The offering combines the functional spread of the Finacle solution suite, with complementary solutions and capabilities from Finacle business partners - Saraswat Infotech Pvt Ltd (SIPL)andBest of Breed Software Solutions (BBSSL), it said.ĭelivered as a subscription, the end-to-end digital banking solution suite includes Finacle Core Banking and complementary solutions from SIPL, with an option to adopt additional solutions like ATM switch, mobile banking and internet banking, the statement said. The platform has already seen adoption by three UCBs in India -Vidya Sahakari Bank,Urban Co-operative Bank, BareillyandZoroastrian Co-operative Bank, according to an Infosys statement. Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, on Thursday announced itsdigital banking SaaS (Software-as-a- Service) offeringfor Urban Cooperative Banks (UCBs) in India. Infosys said that the National Bank of Bahrain (NBB) has selected Infosys Finacle to digitally transform its transaction banking business. The modern technology foundation will help BankDhofar further cement its market leadership and help drive innovation-led growth.PTI | Bengaluru | Updated: 17-06-2021 15:52 IST | Created: 17-06-2021 15:52 IST The success of this comprehensive modernisation underlines our position as a provider of industry-leading digital banking suite and a dependable digital transformation partner for financial institutions. The UnionBank of Philippines, a medium-sized bank with over 3,500 employees, is a traditional Infosys’ customer. Infosys Ltd said Philippines-based UnionBank has selected its Finacle banking platform as its software of choice for easing its migration to a cloud architecture. Sajit Vijayakumar, Senior Vice President and Chief Operating Officer, Infosys Finacle, added: “This programme builds on the foundations of strong partnership for over 10 years. Infosys Finacle gets new client for cloud computing solution. We are now well-positioned to offer our customers a world-class banking facility with the new platform, either at the branch or through digital channels, as we strive to strengthen our leadership position in the Sultanate.” Additionally, BankDhofar implemented the preferential pricing, VAT and country limit capabilities, alongside training 800+ staff on the new platform.īankDhofar is now in a position to co-innovate with the external digital ecosystem and go to market at speed with a fast, scalable, and comprehensive suite of web services and more than 1100 RESTful APIs.Ībdul Hakeem Omar Al Ojaili, Chief Executive Officer, BankDhofar, said: “Post go-live, we believe BankDhofar ranks the highest in terms of technology leadership, and functional coverage.
Finacle latest news upgrade#
Phase 3 – This phase saw a revamping of the entire back-end technology infrastructure with the upgrade of Finacle Treasury, Finacle Payments, and Finacle Core Banking platforms to the latest Finacle 11 enterprise version. Get latest Finacle news updates & stories. The bank also implemented the Finacle Digital Engagement Hub as a platform for delivering integrated, contextual and tailored digital banking services across channels, and redesigned customer-facing processes to facilitate the shift to digital. Phase 2 – This phase saw a digital channels modernisation programme involving an upgrade of the existing Finacle Online Banking application for both retail and corporate banking.
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Since then, the bank’s digital age branches have seen improved staff performances, higher customer satisfaction among both business and corporate customers, and a good improvement in sales to service ratio. Phase 1 – With the dual objective of simplifying banking and enhancing customer experience, BankDhofar modernised its branches in consultation with Infosys’ customer-centric digital transformation studio. The programme was completed ahead of schedule and covered digital transformation of the bank’s core banking platform, digital channels and branches, in line with the bank’s vision of becoming a digital-first entity, and ‘the best bank in the Gulf for customer experience’. Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, reports that BankDhofar in Oman has successfully completed a comprehensive, three-phase modernisation programme leveraging the Finacle Digital Banking Suite.